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CA Foundation doubt

Hello! Can anyone help me to solve this question?

Image attached to the doubt: Hello! Can anyone help me to solve this question?

Asked by Akash7 Jun 2024280 views

1 answer

  1. A · 7 Jun 2024

    Profit and Loss Appropriation Account For the Year Ended [Date] Particulars Amount (₹) ------------------------------------------------------ Profits before Appropriation 3,50,000 Less: (i) Salary to R 10,000 (ii) Interest on Capital: - P (₹2,50,000 * 6%) 15,000 - Q (₹1,50,000 * 6%) 9,000 - R (₹1,00,000 * 6%) 6,000 (iii) Extra benefit to R 5,000 Adjusted Profit 3,05,000 Less: Q's share (10% of Adjusted Profit) 30,500 Net Profit available for distribution 2,74,500 Distribution: P's Share (5/10 * 2,74,500) 1,37,250 Q's Share (3/10 * 2,74,500) 82,350 R's Share (2/10 * 2,74,500) 54,900 Total Appropriation 2,74,500 ------------------------------------------------------

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